The FinTech Trig-Up event wrapped up this week at Khatam University, affiliated with Bank Pasargad, with top innovators receiving cash prizes.
FANAP ICT Company, affiliated to Bank Pasargad…
Business And Markets
<p>Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.</p>
Tehran Stock Exchange’s main index TEDPIX notched up 92.10 points or 0.12% to close Wednesday trade at 78,312.1.
Close to 2.1 billion shares valued at $170 million were traded, as daily…
Iran’s bread market has witnessed years-long disputes over the economic ramifications of sticking to traditional approaches in baking flatbreads over modern methods used for producing industrial…
Most people go to visit the sick with several compotes or canned products, while the canning industry was originally set up to prevent food wastage and feed people in times of crisis such as war…
Tehran Stock Exchange will expand its repertoire of companies, bonds, exchange-traded funds and probably introduce derivatives on stock portfolios in the upcoming Iranian year (starting March 20…
The number of trading codes issued for foreign traders at Iran’s equity markets has reached an unprecedented total of 550, with 200 of whom having been registered in the current Iranian year (to…
The world’s largest steelmaking company, ArcelorMittal, is going to invest in Iran’s steel industry after the Luxemburg-based giant signed a contract with Bonab Steel Industry Complex, a…
Tehran Stock Exchange’s all-share index TEDPIX inched up 61.60 points or 0.08% to close Tuesday trade at 78,220.
More than 2.8 billion shares valued at $148 million were transacted, as the…
With a population of 31 million, 90% of whose demand are sourced from abroad, the Afghan market has for long been an interesting destination for Iranian exporters.
Iran took a meaningful stride toward upgrading its banking and financial laws closer to international standards with the Guardians Council ratifying a long-pending bill to counter money laundering…
Woori Bank Co., one of the major commercial banks of South Korea, reached a non-binding agreement with an Iranian bank to dispatch staff to provide financial services for Korean companies doing…
Talks have been held with Emiratis over launching banks in Aras Free Trade-Industrial Zone, located in East Azarbaijan Province, said managing director of Aras FTZ on Tuesday. Mohsen Arab-Baghi…
Representatives from Bulgarian banks are in Tehran to discuss the reestablishment of banking relations between the two countries, Bulgaria’s Deputy Minister of Economy Lyuben Petrov said on Monday…
The Central Bank of Iran is developing a set of criterion for assessing domestic banks which will be ready in the next fiscal year (starts March 20), said Akbar Komeijani, the bank’s vice-governor…
Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran’s largest banks this year, the company’s chief executive told Reuters on…
Ali Rastegar, Bank Mellat’s CEO, said on Monday that the UK High Court has ruled in favor of his bank and it will receive $4 billion in compensation by late spring.
Indonesia said it is open to normal banking ties with Iran following the lifting of economic sanctions. “Banking relations, an obstacle we are facing, will soon resume,” President Joko Widodo said…
The Spanish S.L.M Group has signed a contract with Iran Minerals Production and Supply Company to invest in the establishment of a plant for the manufacture of eco-friendly bioethanol using coal…
Pundits are concerned that privatization in Iran, in the way it has been carried out, will actually damage the private sector, as quasi-state organizations continue to gain a stronger hold over…
Although investing in Iranian funds is broadly prohibited for US investors, for Europeans, it can be done—within limits—following the lifting on Jan. 16 of nuclear-related sanctions imposed on…
According to the CEO of the Bank of Industry and Mine, Iranian banks are now connected to SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Ali Ashraf Afkhami, said that…
The Export Guarantee Fund of Iran (EGFI), and the UK Export Finance (UKEF) have committed to enhancing trade and economic cooperation with a memorandum of understanding signed on March 5 to…
Expanding banking ties with Russia is a key factor in implementing the bilateral trade and economic agenda, Abdolnaser Hemmati, CEO of Bank Melli Iran said at the weekend.
Iranian and German banks will hold a meeting in April to discuss issues related to enhancing relations and improving the performance of Iranian lenders. The planned meeting was announced during a…
Tehran Stock Exchange’s all-share index TEDPIX inched up 70.80 points or 0.09% to end Sunday trade at 78,093 as gains by large-cap auto manufacturing and copper companies were mostly canceled out…
